The Following Information Is About a Hypothetical Economy

question 108

Multiple Choice

The following information is about a hypothetical economy:
Full-time employed = 80
Part-time employed = 25
Unemployed = 15
Discouraged workers = 5
Members of underground economy = 6
Consumer Price Index = 110
-Refer to the above information.If 6 members of the labour force are presently counted as part of the unemployed when in fact they are employed,the official unemployment rate is overstated by:

• A) 0 percentage points.
• B) 2 percentage points.
• C) 7.5 percentage points.
• D) 6 percentage points.

---

Definitions:

Ethical Principle

Fundamental guidelines or theories that influence decision-making and behavior based on notions of right and wrong.

Increased Risk

A higher than normal chance or probability of encountering harm or experiencing an adverse event.

Respiratory Rate

The number of breaths taken per minute, a vital sign of a person's respiratory function.

Moral Behavior

Actions that align with culturally accepted standards of right and wrong, reflecting personal or societal ethics.